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  • Financial News

    Asia stocks slide to 16-month low on report of Ukraine nuclear plant fire

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Anshuman Daga SINGAPORE – Asian equity markets and the euro suffered heavy losses on Friday while oil prices jumped as investors took fright from reports of a nuclear power …

  • Financial News

    Detroit’s Big Three automakers to let workers stop wearing masks

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By David Shepardson WASHINGTON – Detroit’s Big Three automakers said on Thursday they will allow autoworkers to stop wearing masks at workplaces where U.S. health officials have said it is …

  • Financial News

    Factbox-Harsh words, tough action: how companies have rebuffed Russia

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    – Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments ranging from harsh condemnations to …

  • Financial News

    Japan’s Jan jobless rate rises as COVID hits service sector

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Kantaro Komiya TOKYO – Japan’s jobless rate rose to 2.8% as the surge in coronavirus infections and mobility curbs hit service sector activity, although a gauge of job availability …

  • Financial News

    World Bank Ukraine loan disbursement grows to 460 million euros-sources

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    WASHINGTON – A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, and will be submitted for …

  • Financial News

    Google suspends all ad sales in Russia as censorship demands grow

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Paresh Dave – Alphabet Inc’s Google said on Thursday that it had stopped selling online advertising in Russia, a ban that covers search, YouTube and outside publishing partners. The …

  • Financial News

    Wall Street ends lower as war in Ukraine stirs uncertainty

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Devik Jain and Noel Randewich – Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on …

  • Financial News

    S&P drags Russia’s rating deeper into junk territory

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    – Ratings agency S&P Global on Thursday cut Russia’s credit rating deeper into junk territory as fresh international sanctions triggered by its invasion of Ukraine, and the nation’s own protective …

  • Financial News

    NY Fed’s Williams says U.S. economy not in stagflation scenario

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Jonnelle Marte – Russia’s invasion of Ukraine adds uncertainty to the U.S. economic outlook and may boost near-term inflation, but household savings and strong economic growth should help limit …

  • Financial News

    Factbox-Stranded assets: How many billions are stuck in Russia?

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    NEW YORK – So far global companies, banks and investors have announced that they have exposure in some form to Russia of more than $110 billion. That number could rise. …

  • Financial News

    Nike, IKEA close Russian stores as sanctions, trade restrictions bite

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Anna Ringstrom, Gwladys Fouche and Eric M. Johnson – Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and supply …

  • Financial News

    S.Korea Feb inflation accelerates to near decade high amid Ukraine crisis

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Joori Roh SEOUL – South Korea’s consumer inflation hovered near a decade high in February and stood above the central bank’s 2% target for an 11th month, adding pressure …

  • Financial News

    Pressure grows on Biden to ban U.S. imports of Russian oil

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Timothy Gardner WASHINGTON – A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by …

  • Financial News

    NY pension chief says McDonald’s, PepsiCo should consider Russia risk

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Hilary Russ NEW YORK – The chief of New York state’s pension fund said on Thursday that McDonald’s Corp, PepsiCo and other companies with a large footprint in Russia …

  • Financial News

    FX markets in for bumpy ride over next three months: Reuters poll

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Hari Kishan, Vivek Mishra and Vuyani Ndaba BENGALURU/JOHANNESBURG – Currencies are in for a bumpy ride with already heightened volatility expected to increase over the next three months in …

  • Financial News

    Goldman Sachs GQG fund cuts Russian exposure to $222 million

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and …

  • Financial News

    Factbox-European and U.S. companies mobilise to help Ukrainians fleeing war

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    – Companies across Europe and North America have begun offering aid to Ukrainian authorities and people fleeing war following Russia’s invasion, as over a million leave their homes and head …

  • Financial News

    Costco beats estimates as shoppers flock back to stores

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    – Costco Wholesale Corp beat Wall Street estimates for quarterly revenue and profit on Thursday, as consumers returning to its stores bought more groceries and splurged on high-margin items such …

  • Financial News

    Broadcom says enterprise spending ‘on fire,’ forecasts upbeat revenue

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Chavi Mehta and Jane Lanhee Lee – Chip company Broadcom Inc on Thursday forecast second-quarter revenue above Wall Street estimates on the back of strong demand from enterprise and …

  • Financial News

    Gap says earnings set for strong 2022 as social events return

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Praveen Paramasivam – Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices …

  • Financial News

    FTC approaches March deadline for reviewing Amazon-MGM deal -source

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    – The Federal Trade Commission is approaching a mid-March deadline for making a decision on whether to approve Amazon.com Inc’s purchase of movie studio MGM for $8.5 billion, according to …

  • Financial News

    Oil slides from decade-highs as Iran talks kindle supply hopes

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Marcy de Luna HOUSTON – Oil slid 2% on Thursday, after hitting prices not seen in a decade, as sellers jumped on hopes the United States and Iran will …

  • Financial News

    Factbox-McDonald’s, Icahn fight puts spotlight on pig welfare

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    – Billionaire activist investor Carl Icahn has drawn attention to the use of metal enclosures to house pregnant pigs in a dispute with McDonald’s Corp over its pork suppliers’ animal-welfare …

  • Financial News

    Biden administration studying whether biofuel waiver could ease food inflation -sources

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Jarrett Renshaw – U.S. President Joe Biden’s administration is studying whether waiving biofuel blending mandates could help offset a surge in prices for key food ingredients like corn and …

  • Financial News

    Icahn takes pig-welfare push global amid McDonald’s proxy fight

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    By Tom Polansek CHICAGO – Carl Icahn is broadening a push to get McDonald’s Corp to improve suppliers’ treatment of pigs raised for bacon and sausage. The billionaire activist investor, …

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